Dividend income in agriculture has already been exempted from taxation until 2028. According to the amendment to the Tax Code, the dividend income of natural persons who are participants of resident legal entities engaged in the production of agricultural products (including by industrial method) has been exempted from tax for a period of 4 years starting from January 1 of this year.
Publika.az MP Vugar Bayramov commented on the issue on his social network account. He noted that this concession is an important step in terms of the development of agriculture:
“This means that, for example, if an individual working in this field declares a dividend of 30,000 manats based on the results of 2024, then tax at the source of payment will not be calculated for the individual who is the founder of the legal entity when receiving the dividend. Because with the new changes, the exemption period for these incomes has been extended.
One of the important issues is expanding the range of tax benefits in agriculture according to the value chain. Further improvement and expansion of the mechanism of tax incentives in this sector is expected in the coming years.”
Aysel
#Tax #relief #agriculture #abundance #cheapness
